Austria: What is the situation regarding SVS premiums?

9. March 2021 | Reading Time: 1 Min

News Hilfsfonds - TPA

The SVS sent us the following information in early March 2021:

The SVS is offering insured persons the possibility to have individual instalment payments and solutions at the end of the freeze on reminders:

  • The contribution notice includes information clearly stating the current balance.
  • The first reminders were sent out at the end of February. The reminder is to be regarded as information. The insured person can take prompt action to agree on a payment plan.
  • It is currently possible to arrange payment plans running until 30 June 2023.
  • The first instalment (in the case of semi-annual instalments) is currently due no later than June 2021.
  • The application for deferment and payment by instalments may be accompanied by an application to reduce the provisional contribution base.
  • The interest rate can be adjusted individually on request: from the statutory 3.38% to 0% in individual cases. This is conditional on the fact that having to pay the full amount of interest would pose an economically existential threat.
  • The current contributions can be included in the payment plans.
  • SVS premiums count towards pensions. No payment = no insurance periods. It therefore has a direct impact on the date of retirement and the pension amount.
  • The new fixed cost allowance means that social security contributions can be claimed from the end of 2020.
  • The aim is to support all those entrepreneurs and companies that have a positive outlook for the future post COVID-19.

 

 

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